$BTC

BTC ended last week with a bullish engulfing candle — a solid start. However, for a clearer bullish signal, it needs to break above the weekly lower high at 88,752. Alternatively, a move above 88,500 could be enough to fuel a price surge.

The tariff wars raged over the weekend, setting the stage for another week of unpredictable news and announcements that could send the market on a wild ride. That said, BTC has shown promising price action on the lower timeframes, so it could be a good idea to scoop up the dips.

The most interesting dip zones to watch are the dynamic support and resistance levels, like the Daily 20-SMA around 82,837, or the Decade VWAP VAH2 at 77,800 (this one is gradually climbing). If BTC pulls back, it’s likely to consolidate between these two levels. Meanwhile, the developing Year VWAP around 90,470 presents an intriguing target for a potential bullish breakout.

📆 Wednesday at 17.30 UTC - Fed Chair Powell Speech

Nearest targets:

• Bullish: 87250 / 88900 / 90470 / 92500

• Bearish: 82520 / 81090 / 77111 / 75200

Bitcoin Liquidation heatmap:

• Above: 85588 / 86450 / 88110

• Below: 83862 / 83066 / 82600

Trend: D 🔽 W ▶️ M 🔼

🤑 F&G: 31 < 45 < 43 < 25 < 39